You'll notice the max limits on https://www.CasinoBitco.in/bitcoin-sportsbook vary day to day as they are actually tied back to the fiat value of BTC, so if the BTC / Fiat value goes down, our BTC limits go higher, and reverse when BTC / Fiat is doing well. This is done programmatically and helps us maintain a healthy balance without fear of risking too much of our cash and btc reserves.
We've taken pride in offering very competitive odds with much higher limits than others in our field - right now you can place a bet of over 20 btc in any major sporting event up to 24 hours before the event starts.
Hope that helps, and Gogo - We are working diligently on adding more events and markets, it's an extremely high priority right behind the rollout of our brand new redesign Provably Fair Casino (launching Friday).
What conclusions can we draw from this?
That you've been getting the job done. It's not the first time that a book has listened to one of your suggestions.
Thanks, but what I was getting at is it makes me wonder how financially stable some of these places are to not want to do anything about their handle going down. (Not referring to Nitrogen. Nor any book in particular).
Are they glad they're booking less action?
"You'll notice the max limits on https://www.CasinoBitco.in/bitcoin-sportsbook vary day to day as they are actually tied back to the fiat value of BTC, so if the BTC / Fiat value goes down, our BTC limits go higher, and reverse when BTC / Fiat is doing well. This is done programmatically and helps us maintain a healthy balance without fear of risking too much of our cash and btc reserves."
Well done. All books should follow suit. Instead they are booking at limits about 1/3 of what they were 6 months ago. And don't seem to have a problem with this.